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- The Economist11 min
War in Ukraine: is a peace deal possible?
Ongoing negotiations between Kyiv and Moscow remain stalled over the core triad of territorial status, sanctions sequencing, and Crimea's strategic corridor, as Russian Foreign Minister Lavrov lacks final authority to offer concessions without President Vladimir Putin's direct approval. While Ukraine has hardened its stance by rejecting pre-1991 borders and exploring security guarantees akin to Finnish neutrality, Putin's strategy is increasingly driven by domestic consolidation rather than genuine security needs, reflecting a calculated worldview that prioritizes legacy over realistic military outcomes. This strategic deadlock, compounded by Putin's internal miscalculation and the reluctance of his kleptocratic inner circle to risk nuclear escalation, leaves both sides facing a stalemate with no substantive progress toward a comprehensive peace deal.